The owners have very brash vendors who has insisted on a lock out contract with a non-refundable deposit 10k. Are such arrangements the norm for Sully conveyancing transactions?
Exclusivity agreements are agreements binding a property vendor and prospective acquirer granting the buyer a ‘clear field’ to purchase the property for a limited period of time. For all intents and purposes, a lock out is a document specifying that you should be issued with a contract at a later date which is the contract for the actual sale. It is generally utilised for buyer confidence though in some cases, the vendor may stand to benefit from such agreements as well. There are various pros and cons to using an agreement but you should to check with your lawyer but note that it may end up incurring extra in conveyancing fees. For these reasons these agreements are rare when it comes to conveyancing in Sully.
I own a freehold property in Sully but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Sully and has limited impact for conveyancing in Sully but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
We are buying a terrace house in Sully. The intention is to carry out a loft conversion at the property.Will legal investigations on the property involve investigations to determine if these works are permitted?
Your property lawyer should review the deeds as conveyancing in Sully will on occasion identify restrictions in the title deeds which prohibit categories of changes or need the consent of another owner. Many additions call for local authority planning consent and approval in accordance building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
We previously selected solicitors based in Sully on the RBS solicitor approved list. They are now charging me an additional charge for the legal aspects of the RBS mortgage. Is this a supplemental conveyancing fee specified by RBS?
Unfortunately, as long as it is in their Terms of Engagement or estimate then yes your conveyancer can levy a fee for this. This fee is not dictated by RBS but by your Sully lawyer. Numerous firms on the RBS panel will levy an ‘acting for lender’ fee but plenty of practices include it on their overall fee.
We expect to receive a DIP from Co-operative this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Co-operative recommend any Sully solicitors on the Co-operative conveyancing panel, or is it better to go independently?
You will need to appoint Sully solicitors independently although you'll need to choose one on the Co-operative conveyancing panel. The solicitor represents both you and Co-operative through the process.
I am looking for a flat up to £195,000 and found one near me in Sully I like with amenity areas and station in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Sully for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the shortness of the lease will likely be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
My father-in-law has recommend that I appoint his conveyancers in Sully. Do I take his recommendation?
Much as we are happy to recommend a Sully conveyancing lawyer the best way to choose a conveyancing lawyer is to seek referrals from friends or relatives who have used the conveyancer you're contemplating using.
We today become aware that one of the directors of the conveyancing practice handling the purchase conveyancing in Sully is an aunty of the vendor. Is this allowed?
On the basis that no conflict arises this is permitted. Where you are obtaining a home loan then the lender may have a say as many lenders have specific instructions concerning this. For example for Santander A&L as of 20/6/2025, the requirements read as follows :